https://www.taxtmi.com/caselaws?id=160880 Under the Tamil Nadu General Sales Tax Act, interest on unpaid tax was treated as an automatic compensatory liability arising from the statutory due date. An interim stay of the section 3-A levy only suspended enforcement while it operated; when the writ proceedings ended as infructuous, the assessee remained liable for tax and consequential interest for the stay period. The court also held that interest under section 24(3) could accrue before final assessment, because monthly returns and payment were required by the prescribed due date and the statutory scheme did not make interest depend on completion of assessment. The demand for interest was sustained. en-us Wed, 27 Mar 2002 00:00:00 +0530 Thu, 26 Dec 2013 11:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160880 Under the Tamil Nadu General Sales Tax Act, interest on unpaid tax was treated as an automatic compensatory liability arising from the statutory due date. An interim stay of the section 3-A levy only suspended enforcement while it operated; when the writ proceedings ended as infructuous, the assessee remained liable for tax and consequential interest for the stay period. The court also held that interest under section 24(3) could accrue before final assessment, because monthly returns and payment were required by the prescribed due date and the statutory scheme did not make interest depend on completion of assessment. The demand for interest was sustained. Case-Laws VAT and Sales Tax Wed, 27 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160880